FORM 26AS : know Your TDS, Tax paid & Refund

Form 26AS is the best online facility provided by the Income Tax Department showing your tax credit records with income tax department.

It Shows your TDS, TAX paid and refund details.

In other words, it is a record of your all the tax paid /deducted details with income tax department.

If in case any body has deducted your TDS, then you can check the details of the same in FORM 26AS.

You can also claim the amount shown in FORM 26AS, in your income tax return.

If the Proper amount is not reflected in FORM 26AS, then you can contact with your deductor (the person who has deducted TDS).

Do you know how to download FORM 26as  ? It is very easy to download the FORM 26AS as follows:

  • you can login to your income tax Account and then
  • After login in ‘MY ACCOUNT’ tab on top right, you will find ‘VIEW FORM 26AS (TAX CREDIT)’. You can click on it and confirm it.
  • Then there will be a pop up, tick (check ) this pop up and click on proceed.
  • Then on below of the page you will find ‘Click View Tax Credit (Form 26AS) to view your Form 26AS.’. Click on it.
  • Then you will be diverted to Form 26AS. Here you can select the assessment year and manner of download. If you choose HTML, then it will show the Form 26AS in the screen. If you will choose the PDF/excel option, it will download the PDF/excel.

Once you have downloaded the form, you will require FORM 26AS Password.

Check here for Form 26AS Password.

You will find all the details for TDS deducted, Tax paid by you and Tax refunded to you.

You can download the Form 26AS year wise.

Let us understand the various concepts related to Form 26AS.

What is Form 26AS ?

It is a form issued under Rule 31AB,  containing the following information, part wise:

  • Part A & A1  : Tax Deducted at Source (TDS)  details
  • Part B : Tax Collected at Source (TCS) details
  • Part C :  Details of tax paid other than TDS / TCS
  • Part D : Details of income tax Refund
  • Part E : Details of AIR transactions

Basically it reflects all your tax deducted and paid information .

Can we verify TDS certificate (Form 16 & form 16A) issued by the deductor from Form 26 AS ?

Yes, the details given in your TDS certificate should match with the FORM 26AS. Otherwise you can not claim the TDS.

From which Assessment Year (AY) can I view my Form 26 AS on TRACES?

The online facility is available from AY 2009-10 onwards.

How is Form 26 AS important to a deductor and tax payer?

The TDS / TCS deducted by a deductor is reflected in Form 26AS of the respective PAN and this helps in identifying any discrepancy / error. Although deductor cannot view Form 26AS for a PAN, they can view the TDS / TCS deducted / collected by them.

The credits available in the tax statement confirm that:

  • The tax deducted / collected by the Deductor / Collector has been deposited to the account of the government
  • The Deductor / Collector has accurately filed the TDS / TCS return giving details of the tax deducted/collected on your behalf
  • Bank has properly furnished the details of the tax deposited by you
  • In future, you will be able to use this consolidated tax statement (Form 26AS) as a proof of tax deducted / collected on your behalf and the tax directly paid by you along with your income tax return, after the need for submission of TDS / TCS certificates and tax payment challans along with income tax returns has been dispensed with by the Income Tax Department (ITD)

 What is the period for which Form 26 AS is generated?

Form 26AS is generated annually, for a Financial Year.

 When is Form 26 AS generated?

Form 26AS will be generated whenever a transaction happens in relation to the tax payer. It will be updated further with all the transactions reported / processed for the given FY.

Who can view Form 26 AS?

Only a registered PAN holder can view their Form 26 AS on TRACES. Form 26AS can be viewed from FY 2008-09 onwards.

 What is booking status in Part A of Form 26 AS?

The various booking status available in Part A of Form 26 AS in are:

  • F – Final
    • When payment details of TDS / TCS deposited in banks by deductors match with payment details mentioned in the TDS / TCS statement filed by deductor, status is displayed as Final (F)
  • O – Over booked
    • When payment details of TDS / TCS deposited in bank by deductor have matched with details mentioned in the TDS / TCS statement but the amount is over claimed in the statement, status is displayed as Overbooked (O). Final (F) credit will be reflected only when deductor reduces claimed amount in the statement or makes new payment for excess amount claimed in the statement
  • U – Unmatched
    • When payment details mentioned in the statement by deductor cannot be matched or found in OLTAS / banks, status is updated as Unmatched (U)
  • P – Provisionally Booked
    • In the case of Government deductors who make book entry for TDS / TCS payment, details are updated in G-Oltas by filing Form 24G. When the Government deductor files TDS / TCS statements and mentions BIN details and these do not match with G-Oltas data, status is updated as Provisionally Matched (P)

What should I do if there is any error in the information displayed in Form 26 AS?

For any clarification regarding Form 26 AS, contact authorities are as below:

Part of form 26 AS Contact Person
A Deductor
A1 Deductor
B Collector
C Assessing Officer/bank
D Assessing Officer/ITR-CPC
E Concerned AIR Filer

 

Can negative entries appear in Form 26 AS?

If there is any error in TDS / TCS return or in the challan detail uploaded by bank, for rectifying this, original credit entry will be reversed by debit entry in Form 26AS and a new credit entry will be posted (if required). Remarks column will be updated with the appropriate reason.

How can I correct if the name and address details given in Form 26 AS are incorrect?

You can get the Data corrected by applying in TIN for changes or correction in PAN Data. This request can be made either online or through the existing network of TIN-FCs.

Can I download my Form 26 AS statement?

Yes. Form 26AS statement can be downloaded either as PDF / text / excel file. If number of records in Part A / Part B is less than 20,000, Form 26AS can be downloaded as PDF / excel file or viewed as HTML on the screen.

For records greater than 20,000, Form 26AS cannot be viewed as HTML and it also cannot be downloaded as PDF / excel file. You have to download Form 26AS as a text file.

I have paid Securities Transactions Tax and Banking Cash Transaction Tax, but it is not reflecting in my Form 26AS. What should be done?

Form 26 AS does not display the following taxes in Part C:

  • Securities Transaction Tax
  • Banking Cash Transaction Tax

What should Tax Payer do in case details of tax deducted are not appearing in Form 26 AS?

Details of tax deducted will appear only after submission of TDS statement by the corresponding deductor. In this case, deductor should be approached to ensure filing of TDS statement with correct PAN.

Tax deducted by an employer is not reflecting in Form 26 AS. What could be the reason for this?

Details of tax deducted will appear only after submission of TDS statement by the corresponding employer. In this case, employer should be approached to ensure filing of TDS statement with correct PAN.

What if entries in Form 26 AS that do not pertain to the deductee?

The respective deductor should be approached for filling correction statement. In case of advance tax / regular tax / self-assessment tax, the jurisdictional AO may be approached for necessary correction.

What should I do in case there are entries in my Form 26 AS that do not pertain to me?

If this is on account of ‘TDS / TCS’ credit, you may intimate your deductor / collector. If this is on account of advance tax / self-assessment tax, you may intimate your assessing office

Whether name and address of Tax Payer can be changed in Form 26 AS?

Tax Payer details (name and address) in Form 26AS are reflected as per PAN database. For any change, please submit change request application for PAN (Form 49A) at www.tin-nsdl.com.

 What is the password for opening Form 26 AS?

The password for opening Form 26AS will be your Date of Birth (in DDMMYYYY format), e.g., if your date of birth is 01-Feb-1980, password will be 01021980.

I have received a demand notice for my Income Tax Return, whom should I contact in this regard?

For demand related to your income tax return (ITR), kindly contact ITRCPC-Bangalore or your Jurisdictional AO.

How is Form 26 AS important to a deductor and tax payer?

The TDS / TCS deducted by a deductor is reflected in Form 26AS of the respective PAN and this helps in identifying any discrepancy / error. Although deductor cannot view Form 26AS for a PAN, they can view the TDS / TCS deducted / collected by them.

The credits available in the tax statement confirm that:

  • The tax deducted / collected by the Deductor / Collector has been deposited to the account of the government
  • The Deductor / Collector has accurately filed the TDS / TCS return giving details of the tax deducted/collected on your behalf
  • Bank has properly furnished the details of the tax deposited by you
  • This consolidated tax statement (Form 26 AS) is a proof of tax deducted / collected on your behalf and the tax directly paid by you

you may also like PASSWORD FOR FORM 26AS & How to Download Form 26AS

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